Buying microstrategy stock is fucking retarded.
Discussion
Could not agree more
Did pretty well for me but I’m also a fucking retard 😂
The exposure element for a market that otherwise wouldn't be tapped IS A HONEY POT.
Would you or I be the type that require the certain elements of exposure to BTC MSTR offers? Nope.
But there is a market and I once thought of it as retarded to until you start thinking in his client pools context.
not necessarly, buyng mstr stock INSTEAD of bitcoin (in self custody and privacy) is retarded. Some people could have to maintain some fiat-denominated-credit exposure for various reason, for continue to keep a large business active fro example, or to not result a "total tax avoider".
So fiat credit denominated in bitcoin or microstrategy stocks could be better that fiat credit denominated in fiat money.
Still, I consider totally nonsense having more than a 10% of your stack in fiat. If your business require you to keep fiat and pay taxes, its time to kill your business and stack bitcoin.
The existence of spot Bitcoin ETFs make that pointless. You can get legacy fiat financial system exposure to Bitcoin without the added downside risk. If Bitcoin drops substantially your ETF shares are down, but not as much as MSTR shares will be if Bitcoin drops too far below Saylor's Bitcoin cost basis.
yeah, but mstr could add volatility up and down, and someone would bet on "the Saylor strategy" and the active value it can add. Its still fiat money, I'd keep in fiat only what I'm not afraid to loose, just in the cases mentioned earlier.